Biggest bond sale on West African bourse to boost telecoms

Sekou Drame,Orange, Sonatel,

BusinessMetricsNG with wire report An Orange SA West African subsidiary is issuing debt on the regional market for the first time to take advantage of higher demand for digital services amid the coronavirus pandemic. The outbreak of Covid-19 and subsequent lockdowns has made a plan by Dakar-based Sonatel’s to raise 100 billion CFA ($171 million) particularly timely, Sekou Drame, Sonatel’s Chief Executive Officer said in an interview. The bond sale is the largest in the history of the regional bourse, Bourse Regionale des Valeurs Mobilieres SA, or BRVM, according to…

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Orange, France’s largest telco mulls expansion to Nigeria, South Africa markets

orange, telecoms, Nigeria market,

France’s largest telecom operator, Orange, is set to extend its tentacles to Nigeria and South Africa. Chief Executive Officer, Orange, Stephane Richard, who disclosed the news, said that the firm would make the move in a few months. He said, “It could make sense to be in economies such as Nigeria and South Africa. If one considers there are things to do, the time frame I am considering is rather a few months than a few years.” The Middle East and Africa, where Orange has a presence in 18 countries, is…

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